Triveni Engineering & Industries, an India-listed industrial group, has led Israel wastewater treatment company Aqwise to a $4.5m round. Nikhil Sawhney,  a director of Triveni Group said: “We are thrilled to join a global technological leader in the field of water and wastewater treatment. We view this investment as highly synergistic to our Water Business Group, and see immense potential for Aqwise’s cutting-edge biological processes in India, as well as in other developing markets.” AqWise, said in 2008 it had raised $3.6m from AHMSA Steel Israel, a subsidiary of Altos Hornos de Mexico, an integrated steel producer, Elron Electronic Industries, a Tel Aviv-listed technology holding company, and venture firm Israel Clean Tech Ventures.

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